Chinese Investment

The Chinese government has announced that it will invest a staggering $2.1 billion into the development of a new industrial park for AI research in Beijing. Other global superpowers such as Russia, the United States and the UAE have already invested heavily in AI (artificial intelligence) which has been recognized as a key economic driver in the future.

A Consortium of Chinese companies which are being spearheaded by China's search engine Baidu are leading the country's self-driving charge in the United States. Baidu is set to announce its first vehicle manufacturing partners for its self-driving software in the next few weeks.